IBKR Launches Low-Cost Trading Plan for Singapore
Interactive Brokers has launched its IBKR Lite pricing plan in Singapore. The plan will give Singaporean investors commission-free access to US stocks and ETFs. They will also get round-the-clock trading five days a week. It removes barriers like platform fees, settlement charges, or account minimums.
Features of IBKR Lite in Singapore
Commission-Free Trading
Investors can trade US stocks and ETFs without paying commissions. The plan offers 24×5 market access. It allows trades during US and Asian hours.
No Additional Costs
There are no platform fees, settlement fees, ticket charges, or account minimums. It eliminates fixed costs for active and casual traders alike.
Additional Asset Classes and Pricing
IBKR Lite applies clear, low commissions to options, futures, and mutual funds. It maintains cost transparency beyond equities.
Stock Yield Enhancement Program
Investors can participate in the Stock Yield Enhancement Program. They can earn income by lending out fully-paid shares.
Competitive Rates
The plan offers competitive interest on uninvested cash balances and low interest rates on margin loans. It helps reduce financing costs.
Extra Benefits for Singapore-Based Investors
Global Market Access
Clients can access over 160 global markets, including stocks, options, futures, currencies, bonds, and funds.
Currency Options
Trading and funding are available in up to 28 currencies. That includes the Singapore Dollar (SGD).
Trading Platforms
The plan supports IBKR Desktop and IBKR GlobalTrader. The platforms are for efficient global investing.
Extended Trading Hours
Overnight trading is available for more than 10,000 US stocks and ETFs. It enables trades during Asian market hours.
Flexible Investment Tools
Investors can buy fractional shares. It makes it easier to invest with small cash balances. They can also set up recurring investments to automate long-term strategies.
AI-Driven Support
AI-powered news summaries are integrated to help investors make faster, informed decisions.
Switching Between Plans
Clients can switch between IBKR Lite and IBKR Pro at any time. They can choose the pricing model that best fits their trading needs.
About Interactive Brokers
Interactive Brokers (IB) is a global brokerage firm. It provides trading platforms to trade stocks, options, futures, forex, bonds, and funds. IB has low-cost trading, comprehensive market access, and decisive analytical tools. Also, it provides real-time pricing and risk management on trading floors. Recently, IB launched IBKR InvestMentor.
Summing Up
IBKR Lite offers a low-cost, transparent way to access US and global markets. It offers flexibility for traders with zero commissions on US equities, no fixed fees, and powerful trading tools.
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